Panic! is a Sega CD game in which players assume the roles of Slap the Boy and Stick the Dog. Their mission is to restore the world's computer network, currently plagued by a virus affecting all electronic devices globally. They use a special program, 'Panic!', designed specifically to counteract the virus effects.
A virus has infected the world's computer network, which effects all electronical devices on the earth. However, a special program called "Panic!" is designed to counter the effects of the virus and restore the network back to working order. You play Slap the Boy and his sidekick, Stick the Dog(they're not actions, it's their names) who set out to restore the network back to working order.